State Street Corp grew its position in shares of Dollar Tree, Inc. (NASDAQ:DLTR) by 0.3% in the third quarter, Holdings Channel reports. The fund owned 10,360,895 shares of the company’s stock after buying an additional 26,952 shares during the quarter. State Street Corp’s holdings in Dollar Tree were worth $946,364,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DLTR. Robeco Institutional Asset Management B.V. boosted its stake in Dollar Tree by 127.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 101,574 shares of the company’s stock worth $9,415,000 after buying an additional 56,848 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Dollar Tree by 48.5% in the 2nd quarter. First Trust Advisors LP now owns 147,371 shares of the company’s stock valued at $13,658,000 after purchasing an additional 48,102 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of Dollar Tree in the 2nd quarter valued at $50,000. Janney Montgomery Scott LLC lifted its stake in shares of Dollar Tree by 2.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 24,736 shares of the company’s stock valued at $2,293,000 after purchasing an additional 605 shares during the last quarter. Finally, Strs Ohio lifted its stake in shares of Dollar Tree by 90.2% in the 2nd quarter. Strs Ohio now owns 24,482 shares of the company’s stock valued at $2,268,000 after purchasing an additional 11,607 shares during the last quarter. Hedge funds and other institutional investors own 76.60% of the company’s stock.
Several equities analysts have recently commented on the company. Credit Suisse Group assumed coverage on Dollar Tree in a research note on Wednesday, August 5th. They issued an “outperform” rating and a $107.00 price target on the stock. Royal Bank of Canada boosted their price objective on Dollar Tree from $106.00 to $114.00 in a report on Friday, August 28th. Raymond James reiterated a “hold” rating on shares of Dollar Tree in a report on Friday, August 28th. Telsey Advisory Group boosted their price objective on Dollar Tree from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Monday, August 24th. Finally, Morgan Stanley cut their price objective on Dollar Tree from $108.00 to $105.00 and set an “equal weight” rating on the stock in a report on Friday, August 28th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $104.14.
NASDAQ:DLTR opened at $94.97 on Friday. The stock has a 50-day simple moving average of $93.66 and a 200-day simple moving average of $91.75. The stock has a market cap of $22.54 billion, a P/E ratio of 25.39, a P/E/G ratio of 1.69 and a beta of 0.64. Dollar Tree, Inc. has a 1 year low of $60.20 and a 1 year high of $113.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.46 and a current ratio of 1.22.
Dollar Tree (NASDAQ:DLTR) last released its quarterly earnings data on Thursday, August 27th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.18. The business had revenue of $6.28 billion during the quarter, compared to analysts’ expectations of $6.23 billion. Dollar Tree had a return on equity of 18.52% and a net margin of 3.61%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. On average, equities research analysts predict that Dollar Tree, Inc. will post 5.24 EPS for the current year.
Dollar Tree Company Profile
Dollar Tree, Inc operates discount variety retail stores. It operates through two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $1.00. It provides consumable merchandise, including candy and food, and health and beauty care, as well as everyday consumables, such as household paper and chemicals, and frozen and refrigerated food; variety merchandise comprising toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, and other items; and seasonal goods that include Valentine's Day, Easter, Halloween, and Christmas merchandise.
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